Soybean Oil Consolidates After Technical Breakdown

Soybean oil prices are slightly higher on Monday after breaking down last week. Hedge fund trader’s continue to add to short-position in futures and options as the oil-share continues to decline.  The crush is heading toward 2018 highs, despite the drag created by bean oil as meal prices are surging higher. NOPA reported record crush data for March which likely continued in April which points to rising…